Key Market Indicators
Icelander Stone Import is projected to grow to $31.6 million by 2026, up from $26.9 million in 2021. This represents an average annual growth rate of 2.7%. Since 1993, demand for Icelanders' stone has increased by 9.6% each year. In 2021, Iceland placed 94th in the global rankings, with Mongolia ahead at $26.9 million. Germany, the United Kingdom and France took second, third, and fourth place respectively. Icelander Stone Export is set to decline to $1.8 million by 2026, down from $2.1 million in 2021. This represents an average annual decrease of 2.9%. Since 1993, the supply of Icelandic stone has decreased by 6% annually. In 2021, Iceland came 95th in the global rankings, with Nicaragua ahead at $2.1 million. Germany, the United States and Italy occupied the second, third and fourth positions respectively.
